ESS vs. EWZ
Compare and contrast key facts about Essex Property Trust, Inc. (ESS) and iShares MSCI Brazil ETF (EWZ).
EWZ is a passively managed fund by iShares that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Jul 10, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESS or EWZ.
Correlation
The correlation between ESS and EWZ is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ESS vs. EWZ - Performance Comparison
Key characteristics
ESS:
0.78
EWZ:
-0.39
ESS:
1.17
EWZ:
-0.38
ESS:
1.15
EWZ:
0.95
ESS:
0.76
EWZ:
-0.18
ESS:
3.08
EWZ:
-0.69
ESS:
6.04%
EWZ:
13.70%
ESS:
24.03%
EWZ:
24.63%
ESS:
-62.67%
EWZ:
-77.25%
ESS:
-10.71%
EWZ:
-44.68%
Returns By Period
In the year-to-date period, ESS achieves a 2.00% return, which is significantly lower than EWZ's 18.21% return. Over the past 10 years, ESS has outperformed EWZ with an annualized return of 5.65%, while EWZ has yielded a comparatively lower 1.56% annualized return.
ESS
2.00%
5.61%
0.05%
15.95%
6.52%
5.65%
EWZ
18.21%
8.61%
-0.89%
-11.04%
11.29%
1.56%
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Risk-Adjusted Performance
ESS vs. EWZ — Risk-Adjusted Performance Rank
ESS
EWZ
ESS vs. EWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Essex Property Trust, Inc. (ESS) and iShares MSCI Brazil ETF (EWZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ESS vs. EWZ - Dividend Comparison
ESS's dividend yield for the trailing twelve months is around 3.47%, less than EWZ's 7.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESS Essex Property Trust, Inc. | 3.47% | 2.57% | 3.73% | 4.15% | 2.37% | 3.50% | 2.59% | 3.03% | 2.90% | 2.75% | 2.41% | 2.47% |
EWZ iShares MSCI Brazil ETF | 7.54% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% | 3.78% |
Drawdowns
ESS vs. EWZ - Drawdown Comparison
The maximum ESS drawdown since its inception was -62.67%, smaller than the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for ESS and EWZ. For additional features, visit the drawdowns tool.
Volatility
ESS vs. EWZ - Volatility Comparison
Essex Property Trust, Inc. (ESS) has a higher volatility of 10.83% compared to iShares MSCI Brazil ETF (EWZ) at 8.40%. This indicates that ESS's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Recent discussions
Making constant changes to weights breaks performance numbers
Bee Zee
Going forward performance roughly coinciding with historically optimized portfolios on this site?
I'm quite new to the site, but I am concerned that a portfolio optimized with past data may have no bearing at all on its future performance. Has anyone been around long enough to speak to this concern. Have you outperformed a relevant benchmark with actual invested money?
Also, if you've been here awhile, what tools on the site do you find most useful?
Thanks for reading!
Bob Peticolas
How is Sharpe ratio calculated?
The highest sharpe ratio portfolioi in User portfolios holds only ultrashort treasuries and show a sharpe ratio of 7+. But my understanding is the Sharpe ratio is the return less the risk-free rate divided by the standard deviation of returns. But short-term treasuries ARE the risk free rate, so the Sharpe ratio should be zero since the risk free rate minus the risk free rate is zero. So are you simply ignoring the risk-free rate and dividing returns by the standard deviation???
Addendum:
Just input my portfolio and asked that your site optimize it for Sharpe ratio. I have ready cash in USFR, and ETF that holds US floating rate notes exclusively. The optimization recommended I put over 99% in USFR. However, the interest rate on floating rate notes is based on the three month treasury, so again, USFR has a Sharpe ratio of zero! Please correct this!
Bob Peticolas